Investors

Vancouver, B.C. – June 25, 2021 - Regal Resources Inc. (“Regal” or the “Company”) wishes to provide additional details to its News Release of June 18, 2021.

As Regal noted in its June 18, 2021 News Release (the “Original Release”), the British Columbia Securities Commission (“BCSC”) partially revoked the Cease Trade Order to permit the conversion by the holder of a debenture (the “Debentureholder”) issued by Regal in 2012 (plus interest) into common shares of Regal (the “Debenture Shares”) and non-transferable warrants (“Debenture Warrants” and together with the Debenture Shares, the “Debenture Units”) of the Company at a conversion price of $0.10 per Debenture Unit.

While written reasons from the BCSC have not yet been provided, Regal confirms that the BCSC held that there was no past conduct of the Debentureholder with respect to the Company that would prevent the issuance of the Debenture Units on public interest grounds. The Company accepts the BCSC decision and hereby confirms that it does not consider the Debentureholder to have engaged or been involved in any past wrongful conduct with respect to the affairs of the Company.  The Company apologizes for any inference in the Company’s management information circular dated June 8, 2021 or in the Original Release that may be construed as suggesting otherwise.

Regal Resources Inc. is a junior mineral exploration and development company based in Vancouver, Canada. The Company has an interest in the Sunnyside project, located in Santa Cruz County, Arizona, USA.

ON BEHALF OF REGAL RESOURCES INC.

Matthew Sauder
CEO and Chairman

For more information, please visit www.regalres.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes “forward-looking information” under applicable Canadian securities legislation. Such forward-looking information reflects management’s current beliefs and are based on a number of estimates and assumptions made by and information currently available to the Company that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Readers are cautioned that such forward-looking information are neither promises nor guarantees, and are subject to known and unknown risks and uncertainties including, but not limited to, general business, economic, competitive, political and social uncertainties, uncertain and volatile equity and capital markets, lack of available capital, actual results of exploration activities, environmental risks, future prices of base and other metals, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry. In addition, there is uncertainty about the spread of COVID-19 and the impact it will have on the Company’s operations, supply chains, ability to access mineral properties, conduct due diligence or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. All forward-looking information contained in this news release is qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com. Accordingly, readers should not place undue reliance on forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.